The Copp Law Firm, PC

The Copp Law Firm, PC

  • 901 Main Street, Suite 6300
  • Dallas, Texas
  • 75202
  • Phone: (214) 206-1999
  • Fax: (214) 572-7256
  • Website

Description

The S Corporation is a typical corporation except the shareholders have elected, under Subchapter S of the Internal Revenue Code, to be an S Corporation and therefore treated as a partnership for income tax purposes. Unless the corporation and its shareholders make this S Corporation election (typically completed by the corporation’s accountant), the corporation itself is subject to taxation on its income. S Corporations are subject to very technical rules of federal income tax law regarding the qualification and maintenance of S Corporation status.

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